Agilysys Inc (AGYS) announced earnings for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $3.4 million, or $0.14 per share. This compares with $1.1 million, or $0.04 per share, in last year's third quarter.
Excluding items, Agilysys Inc reported adjusted earnings of $0.26 per share for the period.
Analysts on average had expected the company to earn $0.21 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 26.3% to $49.9 million from $39.5 million last year.
Agilysys Inc earnings at a glance (GAAP) :
-Earnings (Q3): $3.4 Mln. vs. $1.1 Mln. last year.
-EPS (Q3): $0.14 vs. $0.04 last year.
-Analyst Estimate: $0.21
-Revenue (Q3): $49.9 Mln vs. $39.5 Mln last year.
-Guidance:
Full year revenue guidance: $195 - $198 mln
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